Corporate America is sitting on trillions in cash. Prof Ajay Patel featured in Business Journals publications

In the Portland Business Journal, National Digital Producer Jeff Jeffrey writes about the conjecture that corporate cash reserves could set off a round of mergers and acquisitions. He interviewed Finance Professor Ajay Patel, the Thomas S. Goho Chair in Finance, writing:

Ajay Patel, a finance professor at Wake Forest University, said a jump in M&A dealmaking among those tech and life sciences giants is unlikely since so much of that cash is parked overseas. If companies were to repatriate those holdings, they’d take a huge tax hit, he said.